About Getting Closure for your business (and you).
We often feel the business we run is 'part of who we are'. Who stands with you when that part of your life is big trouble? James Flaherty' talks with Director's Advocate Cheryl Stainsby about what she see's business go through, and how to tackle the challenges head on.
26. What is Bankruptcy and what does a Trustee do?
Make no mistake, bankruptcy and liquidation are separate. Bankruptcy may be a result for you if there is a liquidation of your company, but in Australia, the company itself cannot go bankrupt. Only you can, as bankruptcy applies to personal debt. Find out how this applies and when.
What is the job of a bankruptcy trustee and when should you contact one? When should
someone contact the Australian Financial Security Administration (AFSA) versus trying to find a
private bankruptcy trustee? All this and more as we continue our talk with Director’s Advocate
Cheryl Stainsby.
For more discussions on bankruptcy and what it means for those who file it, be sure to tune in to
Cheryl Stainsby's new 'Deep Dive' podcast: Surviving Bankruptcy.
15 Nov 2021
25. Terms and Titles and Where to Get Help
This time we take a pause or a bit of deep breath. We have think about what we've covered, and do a revisit on 'who does what'.
So our next few episodes are about 'who to see for what'. What are the 'tions' like liquidation, administration and also bankruptcy. We're reminded that we should never assume everyone knows the same things in the same detail as us, and that there are a lot of sources of bad advice.
Tune in to find out what to know on this really handy podcast series from Cheryl Stainsby of Your Directors Advocate.
9 Nov 2021
24. Just because it's been quiet doesn't mean it wil stay that way
We've been following through the steps a creditor takes when a debt is unpaid. things got to the pointy end in the last few episodes where an application for Wind Up was tables in court and a liquidator appointed. There was a flurry of activity, but what happens now?
For many people, after a time it seems to have all gone quiet, there has been the nothing come through for months or even a year or so. Will it stay that way? What should Directors be aware of?
Cheryl Stainsby talks us through what to expect and what to do to get on the front foot.
Contact Getting Closure for your business (and you).
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